Ann: Acquisition of Teesside Freehold, page-6

share price estimates are based at time of the ore price and futures prices, the future price back then - which is this year current price was forecast to be approx. double what it was at the time, instead its approx 30 percent lower than when those share price estimates came out. If the ore price was 95 instead of 45 we would be closer to $1 i believe.

current predicament is the projects return is negligible at todays prices , so to finance the risk is going to result in not the best finance terms , that is if the company goes a different way from shenghe non binding MOU agreement , whom has until 31 may to provide a solution to funding.

i wonder if manament hasn't pulled in spending because they are confident terms of funding will be reached prior to a required cap raise.

On a positive note - since Batteries are the most expensive part of ev cars, and litheon and nickel have both declined in prices this flow on effect might help the ev industry sell more cars.